Weatherford International plc Plans Quarterly Dividend of $0.25 (NASDAQ:WFRD)

Weatherford International plc (NASDAQ:WFRD - Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Wednesday, November 6th will be given a dividend of 0.25 per share on Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, November 6th.

Weatherford International Trading Down 4.7 %

NASDAQ:WFRD traded down $3.85 during trading hours on Thursday, hitting $77.31. The company had a trading volume of 1,448,815 shares, compared to its average volume of 907,037. The company has a market capitalization of $5.66 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.86 and a beta of 0.58. The stock has a 50-day moving average price of $94.51 and a 200 day moving average price of $110.39. Weatherford International has a 52 week low of $77.29 and a 52 week high of $135.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.99 and a quick ratio of 1.47.

Weatherford International (NASDAQ:WFRD - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.41. Weatherford International had a net margin of 9.65% and a return on equity of 49.11%. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter in the previous year, the business posted $1.66 EPS. The company's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that Weatherford International will post 6.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP David John Reed sold 6,805 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $93.96, for a total value of $639,397.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WFRD. Raymond James dropped their price target on shares of Weatherford International from $161.00 to $158.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 25th. Evercore ISI dropped their price target on shares of Weatherford International from $149.00 to $142.00 and set an "outperform" rating on the stock in a research note on Thursday. Bank of America dropped their price target on shares of Weatherford International from $145.00 to $130.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Benchmark reiterated a "buy" rating and issued a $155.00 price target on shares of Weatherford International in a research note on Thursday. Finally, Citigroup decreased their target price on Weatherford International from $155.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $145.75.

About Weatherford International

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.